Price for Dyes; Pigments and Preparations Based Thereon in Turkey - 2024
Contents:
- Price for Dyes; Pigments and Preparations Based Thereon in Turkey (CIF) - 2024
- Price for Dyes; Pigments and Preparations Based Thereon in Turkey (FOB) - 2022
- Imports of Dyes; Pigments and Preparations Based Thereon in Turkey
- Exports of Dyes; Pigments and Preparations Based Thereon in Turkey
Price for Dyes; Pigments and Preparations Based Thereon in Turkey (CIF) - 2024
In January 2024, the average import price for dyes; pigments and preparations based therea amounted to $9,243 per ton, picking up by 9.6% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $10,179 per ton in January 2023; however, from February 2023 to January 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Germany ($14,702 per ton), while the price for Romania ($1,875 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Germany (+1.3%), while the prices for the other major suppliers experienced a decline.
Price for Dyes; Pigments and Preparations Based Thereon in Turkey (FOB) - 2022
The average export price for dyes; pigments and preparations based therea stood at $5,263 per ton in 2022, with an increase of 13% against the previous year. Over the period under review, the export price, however, recorded a slight decline. Over the period under review, the average export prices reached the maximum at $5,972 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($7,727 per ton), while the average price for exports to Bangladesh ($3,666 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Dyes; Pigments and Preparations Based Thereon in Turkey
In 2022, the amount of dyes; pigments and preparations based therea imported into Turkey amounted to 15K tons, with an increase of 3.8% against the previous year's figure. The total import volume increased at an average annual rate of +6.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 9.9%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of dyes; pigments and preparations based therea rose markedly to $157M in 2022. The total import value increased at an average annual rate of +11.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Dyes; Pigments and Preparations Based Thereon in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 41.6 | 42.3 | 49.6 | 61.3 | 13.8% |
| India | 24.2 | 27.4 | 34.9 | 38.1 | 16.3% |
| Germany | 16.3 | 16.2 | 15.6 | 14.8 | -3.2% |
| Indonesia | 2.0 | 2.0 | 2.6 | 3.8 | 23.9% |
| Romania | 2.5 | 2.1 | 2.1 | 3.2 | 8.6% |
| Belgium | 4.4 | 2.6 | 1.9 | 3.2 | -10.1% |
| South Korea | 1.6 | 1.8 | 2.6 | 2.7 | 19.1% |
| Sweden | 0.6 | 3.3 | 4.2 | 2.5 | 60.9% |
| Italy | 1.5 | 1.5 | 2.3 | 2.2 | 13.6% |
| Norway | 0.6 | 0.6 | 1.2 | 1.3 | 29.4% |
| Others | 16.9 | 16.1 | 21.5 | 24.4 | 13.0% |
| Total | 112 | 116 | 138 | 157 | 11.9% |
Top Suppliers of Dyes; Pigments and Preparations Based Thereon to Turkey in 2022:
- China (5.8K tons)
- India (4.2K tons)
- Romania (1.3K tons)
- Germany (0.8K tons)
- Indonesia (0.4K tons)
- Sweden (0.4K tons)
- Italy (0.3K tons)
- South Korea (0.3K tons)
- Norway (0.3K tons)
- Belgium (0.2K tons)
Exports of Dyes; Pigments and Preparations Based Thereon in Turkey
In 2022, the amount of dyes; pigments and preparations based therea exported from Turkey skyrocketed to 12K tons, increasing by 17% against the previous year. The total export volume increased at an average annual rate of +8.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of dyes; pigments and preparations based therea surged to $61M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.5% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Dyes; Pigments and Preparations Based Thereon in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 0.5 | 0.5 | 1.3 | 9.6 | 167.8% |
| Russia | 1.8 | 1.8 | 1.8 | 6.1 | 50.2% |
| Poland | 3.1 | 3.1 | 3.5 | 4.2 | 10.7% |
| Egypt | 3.4 | 4.2 | 4.8 | 4.1 | 6.4% |
| Bangladesh | 3.0 | 4.1 | 5.2 | 3.6 | 6.3% |
| Uzbekistan | 3.9 | 3.1 | 3.8 | 3.4 | -4.5% |
| United Kingdom | 2.8 | 3.2 | 2.7 | 2.8 | 0.0% |
| Finland | 1.9 | 1.8 | 2.1 | 2.3 | 6.6% |
| Spain | 1.3 | 1.2 | 1.7 | 2.0 | 15.4% |
| Germany | 1.3 | 1.2 | 1.4 | 1.6 | 7.2% |
| France | 0.7 | 0.9 | 1.3 | 1.4 | 26.0% |
| Azerbaijan | 1.7 | 1.2 | 1.2 | 1.3 | -8.6% |
| Austria | 1.5 | 1.6 | 1.5 | 1.0 | -12.6% |
| Others | 15.8 | 11.6 | 14.2 | 17.9 | 4.2% |
| Total | 42.8 | 39.4 | 46.4 | 61.3 | 12.7% |
Top Export Markets for Dyes; Pigments and Preparations Based Thereon from Turkey in 2022:
- Belgium (1238.0 tons)
- Russia (1145.5 tons)
- Bangladesh (981.5 tons)
- Poland (913.6 tons)
- Uzbekistan (735.4 tons)
- Egypt (723.2 tons)
- United Kingdom (662.7 tons)
- Finland (518.9 tons)
- Spain (379.0 tons)
- Azerbaijan (275.5 tons)
- France (260.2 tons)
- Germany (258.7 tons)
- Austria (233.7 tons)
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